Okla. Stat. tit. 12A, § 12A-8-508: Duty of Securities Intermediary to Change Entitlement

Holder's Position to Other Forms of Security Holding.

Duty of Securities Intermediary to Change Entitlement Holder's

Position to Other Forms of Security Holding.

A securities intermediary shall act at the direction of an

entitlement holder to change a security entitlement into another

available form of holding for which the entitlement holder is

eligible, or to cause the financial asset to be transferred to a

securities account of the entitlement holder with another securities

intermediary. A securities intermediary satisfies the duty if:

(1) the securities intermediary acts as agreed upon by the

entitlement holder and the securities intermediary; or

(2) in the absence of agreement, the securities

intermediary exercises due care in accordance with

reasonable commercial standards to follow the

direction of the entitlement holder.